Political donations In 2021, Kraft gave $150,000 to
Democratic Majority for Israel. At the federal level, Kraft has given sizable personal donations to House and Senate candidates of both the
Democratic and
Republican parties. Kraft donated to the political campaign operation of former Massachusetts governor
Charlie Baker (a Republican). During the
2023 Boston City Council election, Kraft donated to a slate of candidates that had been prominently backed by
New Balance CEO, major Republican donor, and Trump supporter
Jim Davis. This slate of candidates were running as challengers to candidates supported by Wu. This was unsuccessful, as all of the candidates that Wu had endorsed won election.
2025 Boston mayoral campaign After Charlie Baker declined to seek reelection in
2022, Kraft was seen as a potential candidate for governor. There was also speculation that Kraft might challenge incumbent U.S. congresswoman
Ayanna Pressley in the
2024 Democratic primary for
Massachusetts's 7th congressional district. He was perceived to be more politically centrist than Pressley. Kraft publicly expressed an openness to running for political office. Kraft has voiced opposition to expanding bike lanes downtown, saying that if elected he would put an "immediate pause" on bike lane construction, and that "Centre Street [in West Roxbury] could be one of the bike lanes we remove." Kraft raised $6.8 million for his campaign prior to the preliminary round vote, (primarily wealthy donors, including Boston business leaders). In July 2025, Kraft's campaign sent out a series of fundraising emails purportedly from prominent Democratic politicians, including Sen. Adam Schiff (CA), Rep. Eric Swalwell (CA), Rep. Jasmine Crockett (TX), former governor Roy Cooper (NC), and retired brigadier general Shawn Harris (GA), which were not approved by the identified politicians. Wu campaign treasurer Robert Binney called on the state Office of Campaign and Political Finance to investigate, saying "at best these practices are highly deceptive and negligent, at worst they are illegal violations of our state campaign finance laws." Kraft campaign spokesperson Eileen O'Connor stated in response that the unauthorized emails were "an error on the part of our vendor." Kraft came in second in the primary, trailing incumbent mayor
Michelle Wu by 49 percentage points. His second-place finish qualified him to face Wu on the general election ballot. However, two days after the primary, Kraft announced he would withdraw from the election. ==Personal life==